# Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, \$5,900 2019, \$3,610 2020, \$2,050 2021, \$1,020 On December 31, 2018, the total long term liabilities will be \$______ Please show me how to work this problem

Assume on December 1, 2017, a company borrows funds to purchase equipment.
The company will make the following principal payments:
2018, \$5,900
2019, \$3,610
2020, \$2,050
2021, \$1,020
On December 31, 2018, the total long term liabilities will be \$______
Please show me how to work this problem

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The post Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, \$5,900 2019, \$3,610 2020, \$2,050 2021, \$1,020 On December 31, 2018, the total long term liabilities will be \$______ Please show me how to work this problem appeared first on Superb Professors.